Post by
MrICE on Mar 05, 2021 8:59am
Oil up $5.00 in two days
"$165 million of unrestricted cash at year-end; Net Debt of $412 million representing 2.5x 2021 forecasted EBITDA (US$55 WTI/US$12.50 WCS heavy differential). The Company has an unhedged EBITDA sensitivity of ~$70 million for a US$5 move in oil price."
My thinking
165 million cash (AT YEAR END ! ) how much now with much higher last two months?
Oil was $48.52 at year end. Does that mean with oil at $65 now that EBITDA is at least $210 million MORE
Comment by
filefish on Mar 05, 2021 9:27am
$70 mil annually = $14 mil higher in 2 months for a $5.00 move in oil
Comment by
cahclick on Mar 05, 2021 9:28am
Probably not that high because part of this years production was hedged BUT fcf growing by the day if oil stays at or above $65 Should make it painless to fill that ICE GO ATH GO
Comment by
MrICE on Mar 05, 2021 9:48am
Market starting to realize the multiples potential with ATH great volume